ChatGPT founder’s cryptocurrency plummets by 20%

The Worldcoin WLD $0.75 Worldcoin 5.63% Market capitalization $0.92 billion VOL. 24 hours $19.02 million cryptocurrency, co-founded by Sam Altman, has lost more than 20% of its value amid the general downturn, despite the high-profile news from OpenAI. Currently, the WLD token is trading at around $ 0.76, and its market capitalization has dropped by $ 300 million, which has deprived the project of its «unicorn» status.

Despite the recent $ 40 billion deal between OpenAI and SoftBank and the launch of the new Ghibli image generation feature, which caused a significant media response, these events failed to have a positive impact on the value of Worldcoin. This came as a surprise, as the cryptocurrency had previously demonstrated a close correlation with the achievements of Altman’s company.

In February 2024, after the presentation of the Sora video generator, the value of WLD skyrocketed by more than 250% and reached an all-time high above $ 8. The current situation contrasts with this trend and indicates a change in market sentiment or a loss of confidence in the token’s prospects.

Analysts believe that investors could have expected tighter integration between Worldcoin and OpenAI products. The lack of noticeable synergy, along with the general decline in the crypto market, could have triggered a wave of sales.

Thus, Worldcoin found itself in a vulnerable position: despite the technological support from top tier figures, the market requires clear signals about the token’s practical value and its role in the future digital ecosystem.